đź’ˇQuick Summary Michigan expats may still owe state taxes even while living abroad, depending on their residency status and domicile. If Michigan remains your legal domicile and you haven't properly established a new one elsewhere, you're still a Michigan resident for tax purposes and must pay
💡The Important Points - Summarized: - The U.S. uses U.S. citizenship-based taxation, so most Americans must still file U.S. returns and report worldwide income even while living abroad. - Foreign Earned Income Exclusion (FEIE) can reduce U.S. tax on earned income, but doesn’t cover dividends,
Switching to an S-Corporation isn’t about chasing a tax loophole or copying what someone else is doing. It’s about timing. For many independent contractors, freelancers, and small business owners, there’s a point where operating as a sole proprietor or default LLC stops being efficient—and starts quietly
If you drive for work — whether you’re self-employed, a freelancer, or a business owner — using a mileage tracker app is one of the simplest ways to lower your tax bill. The IRS allows mileage deductions, but only if you keep proper records. That’s where mileage tracking apps come
If you’re an American living abroad, you may be required to file an FBAR (Foreign Bank Account Report) each year — even if you owe no US tax at all. This catches people off guard. The FBAR isn’t about tax. It’s about disclosure. And for expats juggling accounts
If you’re a US citizen living abroad and using foreign bank or financial accounts, there’s a filing requirement that trips people up every year: FinCEN Form 114, better known as the FBAR (Foreign Bank Account Report). It’s not a tax form. It’s not filed with your
Moving abroad doesn't automatically end your Arkansas tax obligations. Whether you still owe state taxes depends on a crucial factor: your residency status. The Bottom Line Arkansas may continue taxing your worldwide income if you haven't properly established residency elsewhere. The good news? Arkansas honors the